Items filtered by date: September 2017

Carbures strengthens its corporate and management area with the addition of a new CFO. The Board of Directors of Carbures has today agreed to appoint Jorge Moreno García as the new Chief Financial Officer (CFO) with the aim of increasing the Company's senior management team to face the growth and industrial reality of Carbures.

Moreno has a 14-year professional experience in corporate and fundamentally financial consulting for large companies with a solid track record in corporate operations. He has been present in strategic projects, mergers and acquisitions, both nationally and internationally, in sectors such as industry, construction, energy, consumption and distribution, technology and telecommunications.

Carbures strengthens its industrial position with a new factory in Getafe (Madrid) that will double the production capacity of its current factory in Illescas. The leading company in Spain and a European reference in the manufacture of aircraft parts in composite materials will open a new factory in Madrid in 2019. The new factory, of 11,000 square meters over a total area of 17,000 m2, will be located in Getafe, near Airbus , in the Spanish central aeronautical pole, the most important along with that of Seville, where it also operates. The beginning of the adaptation of the new factory is one of the Company's major industrial milestones in its more than 18 years of history. The new Getafe plant will assume production of the current Illescas (Toledo) plant, with 4,563 square meters of production area, and will have the technological and industrial capacity to double it. In addition, Carbures will thus be a more competitive company and will reduce its production costs.

Carbures continues to grow in the automotive sector. Carbures Mobility has just signed a contract with a reference Tier 1 automotive sector by which the Company provides assembly lines for the manufacture of windshields in a long series for 2.24 million euros . This is the second contract signed with this manufacturer. (Carbures can´t reveal the name due to a confidentiality agreement).

This contract includes both the engineering of this product - to be developed in Manresa (Barcelona) - and its manufacture, which will take place in Querétaro (Mexico). The assembly line of four-pole windshield engines, with a manufacturing time of 13 seconds per unit, will be installed in the Mexican plant of San Luis Potosí of this manufacturer.

Carbures Mobility has signed a 5.5 million euro ($ 6.6 million) contract with a Tier 1, world reference in automotive sector, for the Chinese market. This amount is divided into two orders: a first of 1.2 million euros (1.4 million dollars) and a second of 4.4 million euros (5.2 million dollars). The first one is the design and manufacture of an automated test line for the manufacture and assembly of power steering systems in cars. The second, and more substantial, is the creation of a complete production system with an automated assembly line, including the necessary testing and verification for each element that is used in the power steering. 

With this new project, Carbures responds to the technological needs of a global automotive Tier 1 thanks to its knowledge and experience in automotive engineering of high complexity and specialization. In this way, Carbures will provide the machinery for a new customer development product, consolidating its position as a preferred supplier in strategic projects.

Carbures has been chosen to sign this contract because it stands out as one of the only companies in the world capable of providing this type of technological and industrial solution. The work will be carried out between different locations of Carbures Mobility: Manresa and Suzhou, its new plant in China, where final installation and technical assistance to the customer will be made for the final delivery of this technology.

The main customers, current and potential, are concentrated around the new Suzhou automotive plant. In fact, in addition to the technological capacity, the physical proximity to the customer with own plant has been an important factor in the signing of this contract. This means the achievemnet, in record time, of the goal with which Carbures has launched this automotive plant in the Asian country: to meet the needs of customers the comapny already has in China and attract more in the next five years.